Sep, 27, 2013
By Lawrence G. McMillan$SPX now has resistance at the mid-September highs of 1730. There is support at 1680, 1660, and then at the August lows of 1630. This week, $SPX generated a sell signal, based...
Sep, 26, 2013
By Lawrence G. McMillanOne of our signature sayings is “Overbought does not mean ‘sell’.” But what does it mean? In this article we’re going to explore the...
Sep, 20, 2013
By Lawrence G. McMillan$SPX exploded to the upside after the Fed's announcement that they were not going to taper, with both new buying and short covering entering into the fray. With $SPX now...
Sep, 19, 2013
By Lawrence G. McMillanThe Fed’s announcement that they were not going to taper was a big sigh of relief for many traders, and the resulting buying explosion was powerful. Short covering...
Sep, 18, 2013
Larry McMillan's CNBC Fed Survey grade was noted on CNBC yesterday. When disccussing the analysts that gave Ben Bernanke's term a negative grade, senior economics reporter Steve Liesman mentioned...
Sep, 16, 2013
By Lawrence G. McMillanThis week’s feature article is a continuation of the one in the last issue. Here, we describe option strategies that are similar to owning stock, or are at least a...
Sep, 13, 2013
By Lawrence G. McMillan$SPX made a strong upside push this week and that closed the downside gap from nearly a month ago. That officially terminated the "bearish" status of the $SPX chart. It's...
Sep, 13, 2013
By Lawrence G. McMillanIn our last issue, the feature article discussed whether it might sometimes be preferable to trade the underlying stock as opposed to buying an at- or slightly in-the-money...
Sep, 10, 2013
By Lawrence G. McMillanStocks gapped higher on the open yesterday and just kept going higher all day. $SPX has now closed above its declining 20-day moving average for the first since the market...
Sep, 06, 2013
By Lawrence G. McMillanAt this point, the $SPX chart is still bearish, because it has a sequence of lower highs and lower hows.The equity-only put-call ratios continue to remain on sell signals. The...
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